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Cellnex Telecom, S.A. engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria. It operates through four segments: Towers; DAS, Small Cells, and RAN as a Service; Fiber, Connectivity, and Housing Services; and Broadcast. The Towers segment provides integrated network passive infrastructure services; other wireless telecommunications; and broadband network operators services, as well as colocation and engineering services. The DAS, Small Cells, and RAN as a Service segment offers services, such as RAN as a Service, which entails the emission and transmission active services; PPDR services comprising active infrastructure management for public administrations, including TETRA and 4G/LTE mission critical service networks; operation and maintenance; infrastructure support services; and other services that include smart cities/Internet of Things. The Fiber, Connectivity, and Housing Services segment provides data transport through fiber, including fibre-to-the-tower (FTTT), connectivity, backhaul transmission, and hosting services in edge data centers infrastructure. The broadcast segment engages in the distribution and transmission of television and radio signals; operation and maintenance of broadcasting networks; provision of connectivity for media content and over-the-top (OTT) broadcasting services; and other services, as well as offers coverage of the digital terrestrial television (DTT) services. The company also offers fixed and mobile telecommunication services; and provision of telecommunications equipment. In addition, it constructs and operates optic fiber telecommunications. The company was formerly known as Abertis Telecom Terrestre, S.A.U. and changed its name to Cellnex Telecom, S.A. in April 2015. Cellnex Telecom, S.A. was incorporated in 2008 and is headquartered in Madrid, Spain.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Cellnex Telecom is a European telecom infrastructure operator that owns wireless towers, small cells, fiber and edge computing sites across multiple countries, leasing capacity to mobile operators and broadcasters. Long-term growth may be supported by rising mobile data demand, 5G densification and expansion through acquisitions and long-term contracts that provide recurring cash flows, and its scale could appeal to investors seeking infrastructure-like exposure.
Key risks include elevated leverage from acquisition-led growth, sensitivity to interest rates and refinancing, and regulatory or integration challenges across jurisdictions that investors should monitor.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -451.61M | -700.93M | -436.41M | -502.88M | -534.10M |
| Minority interest | -8.10M | 15.11M | 18.60M | 15.88M | 23.71M |
| Net income | -360.64M | -28.04M | -297.22M | -297.06M | -351.37M |
| Gross profit | 586.23M | 3662.24M | 3358.85M | 3247.71M | 2438.40M |
| Reconciled depreciation | 2672.89M | 2608.34M | 2552.64M | 2320.69M | 1687.56M |
| Ebit | 596.47M | 115.53M | 321.65M | 140.16M | -62.42M |
| Ebitda | 3295.27M | 2723.87M | 2874.29M | 2460.85M | 1625.14M |
| Depreciation and amortization | 2698.80M | 2608.34M | 2552.64M | 2320.69M | 1687.56M |
| Operating income | 596.47M | 196.82M | 374.07M | 230.32M | 56.94M |
| Other operating expenses | 3820.22M | 3873.39M | 3430.00M | 3017.40M | 2381.78M |
| Interest expense | 726.99M | 935.65M | 758.06M | 642.30M | 460.73M |
| Tax provision | -99.11M | -657.78M | -120.59M | -189.95M | -159.03M |
| Interest income | 68.62M | 67.34M | 67.23M | 21.71M | 4.34M |
| Net interest income | -827.90M | -870.15M | -817.07M | -729.10M | -575.64M |
| Income tax expense | -99.07M | -657.78M | -120.59M | -189.95M | -159.03M |
| Total revenue | 4416.69M | 4070.20M | 3804.08M | 3247.71M | 2438.40M |
| Total operating expenses | -10.23M | 3465.42M | 2984.77M | 3017.40M | 2381.78M |
| Cost of revenue | 3830.46M | 407.96M | 445.23M | - | - |
| Total other income expense net | -1048.08M | -897.75M | -810.48M | -733.20M | -591.04M |
| Net income from continuing ops | -352.67M | -43.16M | -315.82M | -312.94M | -375.07M |
| Net income applicable to common shares | - | - | - | -297.06M | -351.37M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 42047.80M | 43668.42M | 44365.24M | 44257.75M | 41797.35M |
| Intangible assets | 15310.71M | 16505.04M | 18046.80M | 20126.83M | 19036.77M |
| Other current assets | 7.56M | 176.64M | 1177.83M | 55.09M | 3.15M |
| Total liab | 28728.99M | 28344.09M | 29218.45M | 29069.95M | 25955.66M |
| Total stockholder equity | 12111.81M | 14157.98M | 13936.76M | 14221.10M | 14208.10M |
| Other current liab | 1855.94M | 378.16M | 248.45M | 999.34M | 961.81M |
| Common stock | 170.54M | 176.62M | 176.62M | 176.62M | 169.83M |
| Capital stock | 170.60M | 176.62M | 176.62M | 176.62M | 169.83M |
| Retained earnings | -360.78M | -28.04M | -297.22M | -297.06M | -351.37M |
| Other liab | - | - | - | 6510.44M | 6000.11M |
| Good will | 6344.84M | 6410.99M | 6652.88M | 6717.95M | 5980.07M |
| Other assets | - | - | 1262.19M | 735.25M | 750.26M |
| Cash | 1492.42M | 1082.77M | 1292.44M | 1038.18M | 3926.58M |
| Total current liabilities | 4939.11M | 3555.20M | 3531.29M | 2284.99M | 2723.47M |
| Current deferred revenue | - | - | 641.74M | - | - |
| Net debt | 22662.71M | 20357.03M | 20217.49M | 19930.90M | 14539.55M |
| Short term debt | 2708.33M | 1916.69M | 1598.83M | 724.34M | 1249.12M |
| Short long term debt | 2003.33M | 1251.27M | 902.57M | 140.75M | 719.22M |
| Short long term debt total | 24155.13M | 21439.80M | 21509.93M | 20969.08M | 18466.12M |
| Other stockholder equity | 13890.99M | 14009.40M | 14057.36M | 14341.54M | 14389.63M |
| Property plant equipment | - | - | - | 14132.05M | 10914.95M |
| Total current assets | 2500.10M | 2240.62M | 2480.50M | 2260.73M | 5085.03M |
| Net tangible assets | - | - | - | -12620.62M | -10805.63M |
| Short term investments | 3.39M | - | 7.28M | - | - |
| Net receivables | 989.82M | 973.92M | -329.95M | 790.86M | 1152.46M |
| Long term debt | 16905.42M | 17026.55M | 17792.94M | 17742.84M | 14910.82M |
| Inventory | 6.90M | 7.29M | 6.26M | 4.77M | 2.77M |
| Accounts payable | 374.84M | 955.39M | 400.54M | 561.30M | 512.54M |
| Accumulated other comprehensive income | -1949.72M | - | -1681.88M | - | - |
| Non currrent assets other | 496.62M | 1947.51M | 716.53M | 387.58M | 110.62M |
| Non current assets total | 39547.71M | 41427.79M | 40622.56M | 41997.02M | 36712.31M |
| Capital lease obligations | 2980.72M | 3161.99M | 2814.42M | 3085.49M | 2836.08M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -23.25M | -1176.68M | -1592.29M | -5949.68M | -23.72M |
| Change to liabilities | - | - | - | 0.00M | 0.00M |
| Total cashflows from investing activities | -762.09M | -1176.68M | -1592.29M | -5949.68M | -13903.52M |
| Net borrowings | 509.89M | -581.46M | 687.32M | 1546.63M | 5310.59M |
| Total cash from financing activities | -1100.15M | -1294.30M | -205.59M | 1223.72M | 12076.27M |
| Change to operating activities | - | - | - | -49.68M | 253.88M |
| Net income | -360.64M | -700.93M | -436.41M | -502.88M | -534.10M |
| Change in cash | 538.42M | -209.67M | 254.26M | -2888.40M | -725.45M |
| Begin period cash flow | 954.00M | 1292.44M | 1038.18M | 3926.58M | 4652.03M |
| End period cash flow | 1492.42M | 1082.77M | 1292.44M | 1038.18M | 3926.58M |
| Total cash from operating activities | 2285.19M | 2306.57M | 2067.78M | 1829.14M | 1141.17M |
| Issuance of capital stock | 52.24M | 40.10M | - | - | 6765.68M |
| Depreciation | 2698.80M | 2608.34M | 2552.64M | 2320.69M | 1687.56M |
| Other cashflows from investing activities | 1052.51M | 898.80M | 630.75M | 110.45M | -23.72M |
| Dividends paid | 11.82M | 44.28M | 40.29M | - | - |
| Change to inventory | 0.39M | -1.08M | -1.82M | -1.29M | -0.61M |
| Change to account receivables | 124.52M | 7.82M | 3.15M | 34.17M | -253.34M |
| Sale purchase of stock | -999.98M | 0.00M | -199.71M | -322.92M | - |
| Other cashflows from financing activities | -653.55M | -708.66M | -1.94M | 2434.77M | 5815.99M |
| Change to netincome | - | - | - | -323.34M | -194.96M |
| Capital expenditures | 1759.56M | 2030.34M | 2193.78M | 2568.52M | 1521.43M |
| Change in working capital | 4.33M | 55.51M | 18.36M | -16.80M | -0.07M |
| Stock based compensation | - | - | 14.98M | - | - |
| Other non cash items | -57.30M | 343.66M | -66.80M | 28.13M | -12.22M |
| Free cash flow | 525.63M | 276.24M | -126.00M | -739.37M | -380.26M |
Sector: Real Estate Industry: Real Estate Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| CLNXF Cellnex Telecom S.A |
- -% |
29.38 | - | 204.08 | 4.78 | 1.44 | 8.90 | 12.08 |
| CBRE CBRE Group Inc Class A |
5.45 4.02% |
140.97 | 38.92 | 21.37 | 1.09 | 4.95 | 1.28 | 25.73 |
| BEKE Ke Holdings Inc |
0.97 5.51% |
18.57 | 42.90 | 16.92 | 0.33 | 2.33 | 1.66 | 24.07 |
| VNNVF Vonovia SE |
- -% |
18.40 | - | 13.44 | 3.96 | 0.83 | 4.07 | -3.05 |
| VTAGY Vantage Towers AG |
- -% |
21.42 | 42.00 | 37.59 | 28.32 | 3.61 | 21.19 | 24.26 |
Cellnex Telecom, S.A. engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria. It operates through four segments: Towers; DAS, Small Cells, and RAN as a Service; Fiber, Connectivity, and Housing Services; and Broadcast. The Towers segment provides integrated network passive infrastructure services; other wireless telecommunications; and broadband network operators services, as well as colocation and engineering services. The DAS, Small Cells, and RAN as a Service segment offers services, such as RAN as a Service, which entails the emission and transmission active services; PPDR services comprising active infrastructure management for public administrations, including TETRA and 4G/LTE mission critical service networks; operation and maintenance; infrastructure support services; and other services that include smart cities/Internet of Things. The Fiber, Connectivity, and Housing Services segment provides data transport through fiber, including fibre-to-the-tower (FTTT), connectivity, backhaul transmission, and hosting services in edge data centers infrastructure. The broadcast segment engages in the distribution and transmission of television and radio signals; operation and maintenance of broadcasting networks; provision of connectivity for media content and over-the-top (OTT) broadcasting services; and other services, as well as offers coverage of the digital terrestrial television (DTT) services. The company also offers fixed and mobile telecommunication services; and provision of telecommunications equipment. In addition, it constructs and operates optic fiber telecommunications. The company was formerly known as Abertis Telecom Terrestre, S.A.U. and changed its name to Cellnex Telecom, S.A. in April 2015. Cellnex Telecom, S.A. was incorporated in 2008 and is headquartered in Madrid, Spain.
| Name | Title | Year Born |
|---|---|---|
| Mr. Tobias Martinez Gimeno | CEO, MD & Director | 1959 |
| Mr. Lluis Deulofeu Fuguet | Sr. Advisor & Pres of the Cellnex Foundation | NA |
| Mr. Jose Manuel Aisa Mancho | Chief Financial Officer | NA |
| Mr. Sergio Tortola Perez | Global Operations Director | NA |
| Mr. Juan Jose Gaitan Mañoso | Head of Investor Relations | NA |
| Mr. Jose María Miralles Prieto | Gen. Counsel - Legal & Regulatory Affairs | NA |
| Mr. Antoni Brunet Mauri | Corp. & Public Affairs Director | 1962 |
| Ms. Yolanda Menal Martinez | Global People Director | NA |
| Mr. Alexandre Mestre Molins | Deputy Chief Exec. Officer | NA |
| Mr. Sergio Martínez Pie | Head of Internal Audit & Risk Control | NA |
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